CanPay Takes Cannabis Payments to a New High

CanPay, the first debit payment solution for the cannabis industry, confirmed its availability to retailers and consumers in Washington, Oregon, and Colorado. On the heels of eight states legalizing recreational or medicinal cannabis last week, CanPay is the only legitimate and stable debit payment solution for merchants in newly legalized and established cannabis markets, operating…

Samsung Rewards Takes Mobile Payments to a New Level in the U.S.

Samsung Pay unveiled a first-of-its-kind incentive program for a mobile payments platform in the U.S.: the “Samsung Rewards” program. For every transaction users conduct with Samsung Pay, enrollees in Samsung Rewards will earn points, which can eventually be redeemed for a variety of items, including gift cards to some of nation’s most popular retailers, prepaid Samsung…

Vantiv to Suck Up Moneris USA Solutions for US$425 Million

OH-based Vantiv has inked an agreement to acquire Moneris Solutions from Moneris Solutions Corporation (Moneris) for $425 million. Schaumburg, IL-based Moneris USA is the U.S. subsidiary of Moneris, which is a joint investment between BMO Financial Group and Royal Bank of Canada (RBC). Upon closing of the transaction, Vantiv will begin servicing Moneris USA’s merchants…

NerdWallet Ankles a Big-Time Exec as First Chief Product Officer

NerdWallet has ankled Tapan Bhat, veteran technology leader and former Realtor.com Chief Product Officer (CPO), as its first CPO. NerdWallet provides free tools and clear, unbiased advice to help consumers choose the best credit cards, mortgages, banks, insurance and other financial options for their lives. Bhat will report directly to co-founder and CEO Tim Chen.…

LendingTree Acquires CompareCards

LendingTree has acquired Iron Horse Holdings, which does business under the name CompareCards. CompareCards is a leading online source for side-by-side credit card comparison, comprehensive credit education and credit health management. CompareCards provides consumers with one centralized location for pertinent credit card information needed to find the best card for their needs. “CompareCards has an…